Research On Risk Management Of Pension Institutions Under PPP Mode

As China's aging population is becoming more and more serious,its negative impact on economic and social development is gradually emerging,and society's demand for institutional pension services is growing rapidly.However,because the pension project has the characteristics of large investment scale and long return period,and the management efficiency of the traditional government supply mode is low,its own development is hindered.The PPP model is a financing model in which government departments work with the private sector to provide public goods or services.The introduction of PPP model into the pension project will help to broaden the financing channels of the pension institutions,optimize the supply structure of the pension institutions,improve the efficiency of the management and management of the pension agencies,the quality of service and the utilization rate of funds.Due to the large number of PPP project participants,the financing structure is complex,the risk situation of the project is also more severe.Therefore,the need for the use of PPP model construction and operation of the pension agencies to carry out the necessary risk management research is to protect the success of the old sector PPP project premise.The main body of the pension agency project under PPP Mode mainly includes government departments,the private sector and the public.The private sector also involves private investors,financial institutions,construction contractors,operating companies and insurance institutions.As the pension project PPP project has a strong public property,and by the government departments and the private sector joint supply,the risk should be mainly by the government departments and the private sector.Combined with the risk checklist method and the system analysis method,the risk of PPP model financing of the pension fund project is comprehensively identified from the macro,medium and micro perspective,and the risk list of the PPP project of the old,on this basis,according to the results of national policy and actual case analysis to identify the risk factors to add and adjust to build the final risk list to ensure that the pension fund PPP project risk management of the scientific and effective.The use of index scale optimization of analytic hierarchy process to solve the cumbersome calculation steps,poor scalability and other issues.At the same time,considering the lack of reference materials for the risk assessment of the PPP project in the pension institutions,the gray comprehensive evaluation method is introduced,andthe appropriate mixed whitening right function is selected.The OWA operator is used to synthesize the expert's evaluation results to reduce the expert questionnaire Comment on the impact of data bias.By analyzing the risk sharing principle and operation flow of the PPP project of the pension institution,the tripartite game model is constructed.Considering the status of the participants and the asymmetry of the information,we first establish the bargaining game model under the incomplete information condition to carry on the risk sharing analysis between the government department and the private sector,and then establish the bargaining game model under the complete information condition.The risk-sharing analysis within the private sector ultimately determines the risk-sharing ratio of government departments,private investors and third-party institutions.At the same time,combined with the principle of risk sharing and the analysis of the model,the paper analyzes the sharing of the risk of the PPP model.The project of Kaifeng Minsheng Nursing Home in Kaifeng city of Henan province was selected as the research case,and the final risk list was screened and filtered by the questionnaire survey method.Based on the risk source,the PPP risk model was established,and the risk situation of the project was comprehensive assessment,given specific risk-sharing and response measures.This paper validates the validity and scientificity of the risk management system constructed in this paper,and provides effective risk management measures and suggestions for the participants of Minsheng nursing home project,which has good guiding significance and application value to the development of PPP project in China.